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-- the next ticking time bomb for our economy may not be what you think forget health care concerns experts say Social Security disability insurance.
Is what's really gonna take us all down it is it pervasive problem.
Not enough people are talking about.
But it's a coming crisis we all have to worry about Michael Tanner is -- Security expert Cato Institute.
So Michael the number of people on disability has just balloon data is four times what it was in the seventy's why is that.
Well there's a number of reasons part of it is just demographics aware aging at the population.
And older people are more likely to be disabled than younger people as you age you get a lot of conditions that make it harder for you to work.
Part of it is the recession we just came out of the a lot of people who war.
How old are who couldn't find war could unemployment insurance was running out.
Turned to disability insurance as an alternative to being unemployed or not having any income.
And some of that it has to do with the program itself it has to do with the fact that we have some administrative judges who have very high approval rates.
And we've shifted away from these sort of injuries and disabilities or he had to categorize to injuries and disabilities like back injury or stress.
That are much more difficult to determine whether or not people -- legitimately qualified.
And I think that last what is a big lead because of course you -- you want the money to go to the people that are legitimately hurt -- the program that's why the program is theirs and they can support their families of the same time.
You look at the types of illnesses and injuries that people are claiming now and for example.
You know mental illness has skyrocketed I think we have a chart that shows there's the difference between how many people had -- mental illness look at that.
In 1983 -- now that one has absolutely ballooned.
Must still skeletal.
That includes back -- And types of things that are very hard to prove conclusively.
With an X ray or something else is just this is what hurts me I don't know how to fix -- and then you compare that.
You know that would be you know blood pressure heart check those sort of things that are easily diagnosed and you see that one is about level.
So does -- tell you one we see such.
In the types of illnesses in diagnoses.
I don't know I don't -- -- -- easily -- -- are more difficult to document does that tell you something about the system or MI overstepping.
I do think there's some of that they're not part of it is that we've had such success in combating diseases like circulatory diseases.
So those have have gone down in part because we've we found ways to deal with them.
And that's open it up to other illnesses but part of it is the fact that we now have.
Guidelines that may go then open -- these other categories that are simply not easy to diagnose I'm not saying that people are faking them.
But they are much bigger much easier to grant awards on you -- -- the quite the same rigor to them as you could put say a heart attack.
And legitimate or not the real point is that in 2016 this system is gonna go bust at this rate.
Because it is unfunded we just don't have the money to supported for the people who meet now I mean what do you deserve it or not.
We're going to be -- -- cash how do we deal with.
-- -- he got the same sort of pyramid scheme that exists with Social Security for the rest of Seoul's security.
I -- the fact is that you're having fewer and fewer workers out there -- having to support these people on disability.
That means that the tax burden on those workers is gonna have to be bigger if you want to continue the same level of benefits paying out in the future I don't think we can do that.
Now absolutely all right Michael we just scratch the surface you have to come back -- talk about this more.
This is a huge problem thank you any --
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